Current Report Filing (8-k)
July 22 2021 - 4:46PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): July 19, 2021
MARATHON
DIGITAL HOLDINGS, INC.
(Exact
Name of Registrant as Specified in Charter)
Nevada
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001-36555
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01-0949984
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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1180
North Town Center Drive, Suite 100
Las
Vegas, NV
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89144
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (800) 804-1690
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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Common
Stock
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MARA
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The
Nasdaq Capital Market
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FORWARD-LOOKING
STATEMENTS
This
Form 8-K and other reports filed by Registrant from time to time with the Securities and Exchange Commission (collectively, the “Filings”)
contain or may contain forward-looking statements and information that are based upon beliefs of, and information currently available
to, Registrant’s management as well as estimates and assumptions made by Registrant’s management. When used in the Filings
the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,”
“plan” or the negative of these terms and similar expressions as they relate to Registrant or Registrant’s management
identify forward-looking statements. Such statements reflect the current view of Registrant with respect to future events and are subject
to risks, uncertainties, assumptions and other factors relating to Registrant’s industry, Registrant’s operations and results
of operations and any businesses that may be acquired by Registrant. Should one or more of these risks or uncertainties materialize,
or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated,
expected, intended or planned.
Although
Registrant believes that the expectations reflected in the forward-looking statements are reasonable, Registrant cannot guarantee future
results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the
United States, Registrant does not intend to update any of the forward-looking statements to conform these statements to actual results.
Item
4.01 Changes in Registrant’s Certifying Accountant.
(a)
Dismissal of Independent Registered Public Accounting Firm
Effective
July 19, 2021, the Audit Committee of Marathon Digital Holdings, Inc. (the “Company”) approved the dismissal of RBSM, LLP
(“RBSM”) as the Company’s independent registered public accounting firm, effective on July 19, 2021. The audit reports
of RBSM on the Company’s consolidated financial statements for the fiscal years ended December 31, 2020 and 2019 did not contain
an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles,
other than a qualification for the fiscal year ended December 31, 2019 about the ability of the Company to continue as a going concern.
During the fiscal years ended December 31, 2020 and 2019 and the subsequent interim period through July 19, 2021, there have been
no “disagreements” (within the meaning of Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the
Company and RBSM on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure,
which disagreements if not resolved to the satisfaction of RBSM would have caused RBSM to make reference thereto in its reports on the
consolidated financial statements for such years. During the fiscal years ended December 31, 2020 and 2019 and through July 19,
2021, there have been no “reportable events” (as defined in Item 304(a)(1)(v) of Regulation S-K). The Company provided RBSM
with a copy of the disclosure it is making herein in response to Item 304(a) of Regulation S-K prior to filing this report, and requested
that RBSM furnish the Company with a copy of its letter addressed to the Commission, pursuant to Item 304(a)(3) of Regulation S-K, stating
whether or not RBSM agrees with the statements related to RBSM made by the Company in this report. A copy of RBSM’s letter to the
Commission dated July 21, 2021 is attached as Exhibit 16.1 to this report.
(b)
Engagement of Independent Registered Public Accounting Firm
Effective
as of July 19, 2021, the Audit Committee of the Company’s Board of Directors approved the appointment of Marcum LLP (“Marcum”)
as the Company’s new independent registered public accounting firm to perform independent audit services for the fiscal year ending
December 31, 2021. During the fiscal years ended December 31, 2020 and 2019 and through July 19, 2021, neither the Company, nor anyone
acting on its behalf, consulted Marcum regarding either (i) the application of accounting principles to a specified transaction, either
completed or proposed, or the type of audit opinion that might be rendered with respect to the consolidated financial statements of the
Company, and no written report or oral advice was provided to the Company by Marcum that was an important factor considered by the Company
in reaching a decision as to any accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of a “disagreement”
(within the meaning of Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a “reportable event” (as defined
in Item 304(a)(1)(v) of Regulation S-K).
Item
9.01 – Financial Statements and Exhibits.
Exhibit
16.1 Letter from RBSM, LLP dated July 21, 2021.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Date:
July 22, 2021
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MARATHON
DIGITAL HOLDINGS, INC.
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By:
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/s/
Simeon Salzman
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Name:
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Simeon
Salzman
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Title:
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Chief
Financial Officer
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